The cheapest way to pay off your energy bill has been revealed by Money Saving Expert (MSE) founder Martin Lewis. In his latest money saving tips email, he explained the most efficient method to cut costs on bills after the autumn price cap was finally confirmed.
From October 1, the price cap will rise to £3,549, Ofgem has announced, which is up 80 per cent from the current £1,971. Martin says however that the price cap varies depending on your payment method.
For households paying for default tariffs via direct debit, the £3,549 figure will still apply. But for Brits parting with their money via a prepayment meter - typically vulnerable households or those struggling to pay for their energy - the cost is slightly more, rising from £2,017 to £3,608.
